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Investing.com - Evercore ISI has reduced its price target on CrowdStrike Holdings (NASDAQ:CRWD) to $425.00 from $440.00, while maintaining an "In Line" rating on the cybersecurity company’s stock. Currently trading at $427.90, CrowdStrike’s market capitalization stands at $106.65 billion. According to InvestingPro data, the stock appears to be trading near its Fair Value.
The firm has added CrowdStrike to its tactical underperform list ahead of the company’s second-quarter fiscal results scheduled for August 27. While Evercore ISI described the upcoming earnings report as a "critical show me quarter" for CrowdStrike, InvestingPro data shows 31 analysts have revised their earnings upwards for the upcoming period, with the company expected to achieve profitability this year.
The downward revision follows what the research firm characterized as "subdued channel checks" during the quarter, with survey data reflecting a "more muted tone" across all metrics. Partners appear to be performing in line with targets but not demonstrating the same level of upside or momentum seen in previous periods.
Evercore ISI noted that Falcon Flex adoption remains in early stages with no evidence of outsized consumption based on initial cohort trends. Module adoption is broadly meeting expectations without exceeding them, while the upcoming Falcon Complete Platform (CCP) renewal cycle shows mixed partner feedback regarding customer conversions.
The firm emphasized this is a "tactical call" ahead of earnings and not a challenge to CrowdStrike’s long-term fundamentals, asset quality, or leadership. The company has demonstrated strong performance with 26% revenue growth and maintains a healthy gross profit margin of 74%. Get access to 10+ additional InvestingPro Tips and comprehensive analysis through the InvestingPro platform. However, Evercore ISI believes the second-half setup is "less favorable than current positioning reflects" given CrowdStrike’s status as a consensus long position for most of 2025.
In other recent news, CrowdStrike introduced its Falcon Next-Gen Identity Security solution, aiming to safeguard various identities across hybrid environments. This new offering integrates multiple security functions into a single platform, enhancing protection without complex integrations. Additionally, CrowdStrike launched the AI-powered Signal detection engines at Black Hat USA 2025, designed to identify early-stage threats before they escalate. These engines use self-learning models to detect subtle deviations that could indicate malicious activity.
In terms of analyst ratings, Cantor Fitzgerald has reiterated an Overweight rating for CrowdStrike, projecting an 8% year-over-year growth in Net New Annual Recurring Revenue for fiscal year 2026. Citizens JMP also maintained a Market Outperform rating, highlighting CrowdStrike’s strong position in endpoint protection. Furthermore, Moody’s Ratings affirmed CrowdStrike’s Baa3 senior unsecured rating and upgraded the outlook to positive from stable. Moody’s expects an acceleration in subscription revenue growth and increasing profitability for the company.
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